Community land trusts

A community land trust is an innovative ownership structure that provides families with secure tenancy in their homes, while removing the possibility of speculative financial gain by any individual. Often land trusts are established as the owners for various types of housing. Some of the most interesting examples are mobile home parks, in which individuals own their own homes, but lease the land. Landowners often evict mobile home tenants to clear land for commercial development. But, when residents form a community land trust to buy the property, they gain security and build stronger bonds between each other.

A number of CDFIs finance land trusts. The Institute for Community Economics is a nationwide lender based in Massachusetts that is dedicated exclusively to fostering this type of ownership.

Real stories

Fisherville Trailer Park eliminated the threat of rent increases and evictions when residents formed a community land trust to buy this mobile home park.